Crop insurance will help Florida farmers recover from freeze; rates unlikely to rise
Crop insurance will help Florida farmers recover from freeze; rates unlikely to rise
It will be weeks before the full economic impact of the 2010 Florida freeze is known, but losses will likely top $1 billion with every agricultural sector experiencing damage. Florida citrus alone is a $9 billion annual industry and the state's other top agricultural revenue-generators -- greenhouse and nursery products, sugarcane and tomatoes -- all took a pounding from the recent record cold. Federally backed crop insurance is the silver lining that could mean the difference between solvency and bankruptcy for Florida growers affected by the freeze. The state's growers have a combined crop